Paramount Skydance Corporation

Paramount Skydance Corporation represents one of the most significant media consolidations of the 2020s, combining the legacy of Paramount Pictures—founded in 1912 as Famous Players Film Company—with Skydance Media's modern production expertise and technological capabilities. Headquartered at the iconic Paramount Pictures lot in Hollywood, Los Angeles, with additional offices in Santa Monica and One Astor Plaza in New York City, the company trades on Nasdaq under the ticker symbol PSKY.

The $8 billion merger, completed on August 7, 2025, created a next-generation media and technology enterprise valued at approximately $28 billion. This transformative deal brought together Paramount Global's extensive portfolio of broadcast networks, cable channels, and streaming platforms with Skydance Media's track record of blockbuster film production, including franchises like Mission: Impossible, Star Trek, and Top Gun: Maverick—which became the highest-grossing film of 2022.

The combined entity operates through three primary business segments: Studios (encompassing Paramount Motion Pictures Group, Paramount Television Group, and Paramount Experiences), Direct-to-Consumer (including Paramount+ and Pluto TV streaming services), and TV Media (featuring CBS, MTV, Nickelodeon, BET, Comedy Central, and Showtime). With 77.7 million Paramount+ subscribers globally as of Q2 2025 and streaming revenue growing 16% year-over-year, the company is rapidly advancing toward streaming profitability while maintaining its position as a major force in traditional broadcast and cable television.

Under the leadership of CEO David Ellison—founder of Skydance and son of Oracle co-founder Larry Ellison—and President Jeff Shell, the company is executing a strategic transformation focused on content quality, technological innovation, and operational efficiency. The merger enables significant cost synergies, with management targeting at least $3 billion in run-rate efficiencies, while creating one of the industry's most formidable content libraries spanning over a century of entertainment history. The company's global reach, diverse revenue streams, and commitment to both theatrical and streaming distribution position it as a major competitor in the evolving media landscape.